Scotia Capital Inc. Trims Stock Holdings in Zscaler, Inc. $ZS

Scotia Capital Inc. lowered its holdings in Zscaler, Inc. (NASDAQ:ZS) by 47.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,260 shares of the company’s stock after selling 13,771 shares during the period. Scotia Capital Inc.’s holdings in Zscaler were worth $4,787,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ZS. SVB Wealth LLC purchased a new position in Zscaler in the 1st quarter valued at approximately $26,000. Quaker Wealth Management LLC lifted its position in shares of Zscaler by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 194 shares in the last quarter. Exane Asset Management boosted its holdings in shares of Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Zscaler in the first quarter valued at $34,000. Finally, Kozak & Associates Inc. purchased a new position in shares of Zscaler in the second quarter valued at $35,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZS. Susquehanna increased their price objective on Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a report on Wednesday, September 3rd. Sanford C. Bernstein upped their price target on Zscaler from $251.00 to $264.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus lowered their price target on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday. Scotiabank reduced their price objective on shares of Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Finally, Canaccord Genuity Group upped their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.56.

Zscaler Trading Down 0.3%

Shares of ZS opened at $251.28 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 2.01. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99. The company has a market capitalization of $40.07 billion, a P/E ratio of -966.42 and a beta of 1.06. The firm’s 50 day simple moving average is $303.63 and its 200 day simple moving average is $291.32.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The firm had revenue of $788.11 million for the quarter, compared to analyst estimates of $773.86 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS. Q2 2026 guidance at 0.890-0.900 EPS. Sell-side analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 3,200 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $325.00, for a total transaction of $1,040,000.00. Following the transaction, the insider directly owned 80,086 shares in the company, valued at approximately $26,027,950. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 43,084 shares of company stock worth $12,446,825. Company insiders own 18.10% of the company’s stock.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.